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I have 84 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #1
    Join Date
    Apr 2004
    Posts
    7,176

    Default Swing trading the Mr.Market Portfolio

    It makes sense to start a new thread for the new swing trading system idea using only Mr.Market's portfolio picks. Posts will only be on those specific trades that meet the criteria discussed here
    Summary of method:
    Intraday entry at S2 for any of Mr. Market's open portfolio positions.
    Target is R2, and stop is 2 x (S1-S2).
    I'll post percentage win loss percentage, but for a more real-life trading interpretation, I'll also calculate dollar profit, based on each open position being $5,000 worth of stock, and commissions of 1c per share each way (as per IB fee structure)

    First position was opened yesterday for SSNC:
    Long at 22.56.
    Stopped out today at 22.22 for -1.5% or -$80.00

    Total system Profit/Loss to date: -$80.00

  2. #2
    Join Date
    Apr 2004
    Posts
    7,176

    Default CBK Long

    CBK S2 long today at 20.45.
    Stop is 20.14 or 1.5%
    R2 target today is 21.30 or 4.15%
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  3. #3
    Join Date
    Apr 2004
    Posts
    7,176

    Default GGI long 22.42

    S2 Long GGI at 22.42.
    Stop is 22.18 or 1.07%
    Current R2 target is 23.11 or 3.07%
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  4. #4
    Join Date
    Apr 2004
    Posts
    7,176

    Default OFG Long

    OFG long at S2 at 29.45.
    Stop is 29.16, risking 0.98%
    R2 target currently 30.13 or 2.3%
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  5. #5
    Join Date
    Apr 2004
    Posts
    7,176

    Default MCRI long

    MCRI long at 35.88
    Stop at 34.07, risking 5% (yowza)
    Target currently 39.04, or 14% (double yowza)

    busy day
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  6. #6
    Join Date
    Apr 2004
    Posts
    7,176

    Default

    Quote Originally Posted by spikefader
    MCRI long at 35.88
    Stop at 34.07, risking 5% (yowza)
    Target currently 39.04, or 14% (double yowza)

    busy day
    Well, a quick game is a good game I like to say, but sheesh, the system hasn't started too well!

    Stopped out -$1.81 or -5% or -$255 including commissions on 1 x 5k position.

    System Total to date: -$335
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  7. #7
    Join Date
    Apr 2004
    Posts
    7,176

    Default

    Quote Originally Posted by spikefader
    CBK S2 long today at 20.45.
    Stop is 20.14 or 1.5%
    R2 target today is 21.30 or 4.15%
    Stopped out this morning. Looking at time and sales, I'm going to allow for some slippage to keep it realistic. So stopped at say 20.00 would be accurate looking at bid and volume at the time.
    So, -0.45 on the trade for -2.2% or -$115 inc. comm. on a 5k position.

    SYSTEM TOTAL TO DATE: -$450.00
    OPEN POSITIONS: GGI and OFG.
    New positions opened today will follow this post.

    System thoughts: In hindsight, I should have contemplated commencing the system after a market correction, since it's been very strong lately, and I may have placed an unfair burdon on the system now. I'll stick with it though, since this will put a good test on the system..... i.e. can it recover from such a downdraft. If so, how long will it take. Might be an unprofitable read for a while....

  8. #8
    Join Date
    Apr 2004
    Posts
    7,176

    Default PRX long

    PRX:
    Long at 37.82
    stop is 37.21 or 1.6% risk.
    target currently 3.6% or 39.18
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  9. #9
    Join Date
    Apr 2004
    Posts
    7,176

    Default

    NUTR long 16.42
    stop is 16.03 or 2.4%
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  10. #10
    Join Date
    Apr 2004
    Posts
    7,176

    Default

    DW Long 31.68
    stop is 1.14%
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